Student-loan borrowers can now apply to lower their monthly payments with 'the most affordable repayment plan yet,' Biden's Education Department says

Student-loan borrowers can now apply to lower their monthly payments with 'the most affordable repayment plan yet,' Biden's Education Department says

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President Joe Biden. Tom Williams/CQ-Roll Call, Inc via Getty Images Student-loan borrowers can apply for the new income-driven repayment plan's beta version. The new plan, known as the SAVE Plan, will fully launch in August. Borrowers who apply during this period will not need to reapply after…

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